Shapland will chair the UK Management Committee and have overall responsibility locally for both the business strategy and for employee relations.

He will also be in charge of client satisfaction and of developing local regulatory relationships. He will report to Tony Johnson, global head, sales & distribution.

Shapland joined RBC Dexia upon its creation in 2006 as regional head of sales and relationship management for the UK, Ireland and the Middle East.

He has held the role of head of sales & distribution for Continental Europe, based in Luxembourg, since 2008.

Prior to this he was regional vice president for Europe and the Middle East at RBC Global Services, a company he joined in 2004 from BISYS Fund Services where he was senior vice president and head of sales for Europe.

He had previously held a number of senior positions at ABN AMRO Mellon Global Securities Services, including that of first vice president for regional sales and marketing manager for Europe.

Shapland replaces Simon Olenka who is appointed as head of the Enterprise Custody Program. In this key strategic role, he will be responsible for developing RBC Dexia’s custody product suite.